Buy or Sell Newmont Stock Ahead of Its Upcoming Earnings?

Group 1 - Newmont Mining Corporation is expected to report quarterly revenues of approximately $5.2 billion, driven by increased gold and copper prices and stable production levels [2] - The company has a current market capitalization of $104 billion, with total revenue for the past twelve months at $21 billion, operating profits of $8.0 billion, and net income of $6.3 billion [3] - Margins may face slight pressure due to rising labor and energy costs, as well as persistent inflation in mining supplies, despite stronger precious metal prices expected to bolster operating cash flow [2] Group 2 - Historical data shows that over the last five years, Newmont has recorded 16 earnings data points, with 5 positive and 11 negative one-day returns, resulting in positive returns approximately 31% of the time [6] - The median of the 5 positive returns is 2.0%, while the median of the 11 negative returns is -4.6% [6] - A strategy based on understanding the correlation between short-term and medium-term returns post-earnings can be beneficial for traders [7]